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What about buying rare earth metals or containers of electronics or purses? It's a bit more work, but it's not impossible to solve the problem. Also, it's not
by HWR_14 9mo ago
What about buying rare earth metals or containers of electronics or purses? It's a bit more work, but it's not impossible to solve the problem.
Also, it's not like a 99-year lease has no value. That's your entire lifetime+.
- woodruffw 9mo agoI think OP's point is that a "99 year lease" isn't worth very much without a firm guarantee that the least in fact lasts that long. I don't really have an opinion on land leases in the PRC, but it doesn't seem facially unreasonable to suspect that a foreign lease holder's land value wouldn't be a priority for China's leadership during an economic crisis.
- XorNot 9mo agoThis is on full display with the US's Venezuela problem: no one believes the US will hold it, so oil companies don't want to invest because last time exactly this happened - they had everything seized. Imagine if you'd invested in lithium mining in Afghanistan 15 years ago: you'd likely have paid a lot, made little money, lost employees and then lost it to the Taliban.
- terminalshort 9mo agoBecause if I am running a business I just want to be paid in money that I can pay my bills in. I don't want to have the additional task of managing rare earths and electronics inventory. That's not "a bit more work." It's running an entirely different business that I don't know how to run.